AICPA Applauds GAAP Codification

Press Release:  AICPA applauds the release of the FASB Accounting and Auditing Codification by the Financial Accounting and Auditing Board. The Codification organizes thousands of pronouncements comprising U.S. generally accepted accounting principles into a single, easy accessed source.
Published on February 07, 2010

Blue Ribbon Panel Addressing Standards Weighs GAAP With Exceptions And A Separate Standards Board

Press Release:  ...can best meet the needs of users of private company financial statements believe there is a need for a new standard-setting model that follows Generally Accepted Accounting Practices (GAAP) with exceptions for private companies
Published on October 08, 2010

Blue Ribbon Panel Makes Recommendations

News:  Blue ribbon panel makes recommendations for U.S. GAAP for private companies
Published on January 26, 2011

Statement from Barry Melancon, AICPA President and CEO, and Paul Stahlin, AICPA Chair, Addressing FAFs Failure to Create...

Press Release:  AICPA is profoundly disappointed that the Financial Accounting Foundation (FAF) is not proposing to create a new independent board to set differences in U.S. GAAP standards, where appropriate, for privately held companies
Published on October 04, 2011

AICPA Governing Council Adopts Resolution Supporting Blue Ribbon Panel on Private Company Accounting Standards

Press Release:  The governing Council of the AICPA adopted a resolution supporting the work of the Blue Ribbon Panel on Private Company Standards.
Published on October 19, 2010

AICPA Supports Financial Accounting Foundations Creation of Private Company Council, Asserts Need for Financial Reportin...

Press Release:  AICPA Supports Financial Accounting Foundation's Creation of Private Company Council, Asserts Need for Financial Reporting Framework for Smaller Businesses.
Published on May 23, 2012

AICPA Financial Reporting Framework for Small- and Medium-Sized Entities Exposure Draft Available for Comment

Press Release:  The American Institute of CPAs  announced that an exposure draft on its proposed Financial Reporting Framework for Small-and Medium-Sized Entities (FRF for SMEs) is now available for comment.
Published on November 01, 2012

Thirty Three State CPA Societies Support the Creation of an Independent Board to Develop Relevant Financial Reporting St...

Press Release:  Thirty three state CPA societies have written letters to the Financial Accounting Foundation (FAF) or passed resolutions urging it to create a new board to write differential standards.
Published on September 28, 2011

Statement from AICPA President and CEO Barry Melancon and AICPA Chair Paul Stahlin on creation of FAF Trustee Working Gr...

Press Release:  Statement from AICPA President and CEO Barry Melancon and AICPA Chair Paul Stahlin on today’s FAF announcement to create a Trustee Working Group to address the issues of accounting standard setting practices for nonpublic entities:
Published on March 04, 2011

International Accounting Standards Board Chairman Sir David Tweedie Addresses AICPA Governing Council

Press Release:  Sir David Tweedie, the chairman of the International Accounting Standards Board, speaking to the AICPA spring Council meeting, said the move to global accounting standards is a key element of the global financial reform agenda and long-term benefits of a single set of high-quality accounting standards far outweigh the short-term difficulties
Published on May 25, 2010

AICPA Media Center FAQs About Fair Value Accounting

FAQ:  Fair Value Basics are explained in this FAQ, with information as to what FVS is, why it is important today, what FASB is, information on mark-to-market, and more.
Published on February 25, 2010

Implications of Upcoming SEC Decision on Global Accounting Standards to Be Focus of Conference

Press Release:  CPAs and other financial professionals can gather the latest intelligence about the move towards a set of common, global accounting standards next month at the AICPA/IFRS Foundation Conference on International Financial Reporting Standards: The North American Perspective
Published on September 14, 2011

AICPA Council Votes Overwhelmingly to Send a Strong Message to FAF Adopt the Blue Ribbon Panel Recommendations for an In...

Press Release:  The American Institute of Certified Public Accountants' (AICPA) governing Council today overwhelmingly approved a resolution that sends the Financial Accounting Foundation (FAF) a strong message: either FAF moves to adopt the Blue Ribbon Panel on Standard Setting for Private Companies’ (the Panel) recommendations for a separate board— which is the AICPA’s preference— or
Published on October 18, 2011

Prominent CPA Firms and Private Companies Demand Action from the Financial Accounting Foundation

Press Release:  Many private company constituents want change in the way financial statements are prepared. For far too long, requests for the creation of relevant standards to address the financial reporting needs of America’s privately held businesses have been ignored.
Published on April 11, 2013

AICPA Survey Shows U.S. CPAs See Pivotal Time Ahead in Development of International Financial Reporting Standards

Press Release:  Certified Public Accountants see the U.S. at a pivotal time in the development of uniform, high-quality global accounting standards as the U.S. Securities and Exchange Commission evaluates a transition to International Financial Reporting Standards and the U.S. Financial Accounting Standards Board and the International Accounting Standards Board work jointly to
Published on October 18, 2010